University Of Zambia Online Public Access Catalogue
Internal finance and investment: Another look.
By: Samuel, Cherian.
Material type:
BookPublisher: Washington : World Bank, 1996Subject(s): Investment | Finance -- Management. -- Finance -- ManagementSummary: This paper argues that firms rely on internal finance for capital expenditures because of managerial considerations instead of information-theoretic considerations and that rather than maximizing the market value of the firm, managers seem more interested in objectives like sales maximization, size of the firm, and perquisites.
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This paper argues that firms rely on internal finance for capital expenditures because of managerial considerations instead of information-theoretic considerations and that rather than maximizing the market value of the firm, managers seem more interested in objectives like sales maximization, size of the firm, and perquisites.
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